Partnership Deed

Written Partnership Agreement is called __________.

• Partnership by words

• Partnership Deed

Following are the contents of Partnership Deed -

• Description of the Partners

• Principal Place of Business

• Only Loss Sharing Ratio

• Only Interest on Drawings

_______________ details the terms and conditions of Partnership.

Interest on Capital is a content of Partnership Deed.

• True

• False

Partnership can come into existence by

• Oral Agreement

• Written Agreement

• Both oral and written agreement

Can a partner refuse to obey the terms and conditions signed by him/her, in the Partnership Deed?

• Yes

• No